Chengdu city street vendors, like this one pictured on June 18, 2020, were mentioned by Chinese Premier Li Keqiang during COVID-19 as an example of economic recovery. Yuyang Liu | Getty Images News | Getty Images BEIJING — China’s top executive body surprised investors late Wednesday by saying the central bank would stimulate the economy
Finance
One of Wall Street’s biggest bulls isn’t jumping on the growth stock bandwagon. Despite the tech-heavy Nasdaq‘s run to record highs, Credit Suisse’s Jonathan Golub prefers value trades right now. “The second quarter of this year will be the fastest GDP quarter that we had since 1952. So basically since the Marshall Plan and the
The Federal Open Market Committee released minutes from its June 15-16 meeting, during which it held short-term interest rates near zero but also indicated that it might be adjusting policy otherwise in the months ahead. The Federal Reserve’s policymaking group kept its benchmark rate anchored in a range between 0% and 0.25%. That was according
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images LONDON — British fintech giant Wise began trading at £8 a share in its highly anticipated debut Wednesday, valuing the company at £8 billion, or $11 billion. The money transfer firm opted to list in London through
The U.S. and China flags stand behind a microphone awaiting the arrival of then-U.S. Senator John McCain for a press conference at the U.S. Embassy in Beijing on April 9, 2009. Frederic J. Brown | AFP | Getty Images BEIJING — The U.S. and China can co-exist peacefully, and that the relationship should not be
A courier for Missfresh grocery delivery drives past Chinese ride-hailing company Didi’s offices. Both companies went public in the U.S. in June 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — For investors in Chinese IPOs like Didi, reading the fine print will become more critical for avoiding losses. Ride-hailing app Didi — dubbed
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Stock futures were flat in overnight trading on Monday as Wall Street gets set to kick off the holiday-shortened week with the S&P 500 at a record high. Futures on
NEWPORT, WALES, UNITED KINGDOM – 2021/01/09: A shopper seen pushing her groceries outside Morrisons supermarket in Wales. May James/SOPA Images/LightRocket via Getty Image WM Morrison, Britain’s fourth-largest supermarket chain, could be about to become the target of an international bidding war. Apollo Global Management announced Monday it was mulling a rival bid for the retailer
A customer eyes the beverage section in a supermarket on June 9, 2021 in Handan, Hebei province. Li Hao | Visual China Group | Getty Images BEIJING — Chinese consumers spent less on daily necessities from foreign brands last year during the coronavirus pandemic, while those in smaller cities were more willing to spend than
Robinhood Markets filed for one of the most anticipated initial public offerings of the year on Thursday, revealing rapid growth during the pandemic and big customer numbers. Robinhood — which has about 18 million funded retail clients — lost $1.4 billion in the first quarter of 2021, according to Robinhood’s S-1 filing with the Securities